Small Business Accounting Services

Different requirements and business strategies are required for the management of any business no matter what the size is. The bottom line should be to make more profits and fewer losses, whether it is a small, medium or a large scale business. It is never been easy to add handling accounts, transactions and other financial details to any business but KNR-Accounting-Services.com provide you with the services of small business accounting services with which all these can be achievable.

Our small business accounting services provides customized solutions to suit your business needs and if you are owner then rest easy as with the help of our accounting services your business can grow by leaps and bounds. The main benefit of our small business accounting services lies in the areas where sometimes running a small business can become overwhelming in the long run. It also offers accounting software that eases the whole process of making records and tallying them over and over again. However, we also know that most of the small business owners or for that matter any other business owner is not a qualified accountant, and that is why they need to hire the services of a professional to handle this. And small business accounting services is the right choice as it not only reduces time but also personnel resources.

Small business accounting services with KNR Accounting Services have professionals who specialize in providing business accounting services to clients. The accountant will handle the small business accounting work of your business. But just make sure that from time to time you oversee the work is being carried out by the small business accounting services professional. As the business owner, you will like to be informed about all the work that is being done with regard to accounting and bookkeeping of your business, so that you know where your business is heading and if you are making any profits or not.

Read more...

Outsourced Accounting – For the Smooth Working of an Organization

Optimum utilization of money is crucial for the success of every business organization, no matter big or small. Seeking the advice from expert accountants as to what amount of money is feasible to be invested in a particular venture and where the company can cut costs is a great idea to ensure the maximum profit of the organization. Hence, no matter what, no organization can afford to lose the benefit of these expert accountants and their services. Outsourced accounting is the latest trend that is taking the accounting industry by storm nowadays. This allows business organizations to hire the service of accounting professionals at cheaper rates.

Everyday inflow and outflow of cash is properly recorded by these professionals. Timely payment of taxes, salary to employees, deciding the infrastructure cost of an organization, investment in updated technology, almost all the expenses and profits are taken care of. Outsourced accounting is preferred by businesses because of four primary reasons:

Read more...

InSO’s Outsourcing Financial and Accounting Services

At InSO we offer several financial and account outsourcing services. We can provide a high quality professional service in the following financial areas:

Financial Write-ups
Here at InSO we have sophisticated software for many processes of accounting and financial services, and we also have to our disposal, very skilled and professional accountants. We use these advanced systems and staff to our advantage to produce highly superior write up services to our customers, so that they can come to a better overall financial decision.
Our highly skilled team of accountants can supply you with ledger accounts, financial statements, and tax help. All our services will comply with the statutory law and regulations that are in force in your country. Outsource your financial write up services to InSO and you will receive a first class dedicated service for your financial needs.

Accounting Reconciliation
Keeping your companies accounting records in order with your bank statements is very important, but is also a very time consuming task to do in house. Outsourcing these activities to InSO frees up time in your company for other areas such as sales or marketing.
InSO’s accounting services carry out a detailed analysis of your companies financial account records, bills, and financial statements amongst many others. At InSO we are renowned for providing excellent reconciliation services, and you will benefit from increased fraud protection, financial control, and reduced accounting expenses.

Online Business Bookkeeping Services
We currently provide several multi national businesses with our highly efficient bookkeeping services. We are very flexible with our bookkeeping solutions, as we can provide some or all of the functions involved in your bookkeeping. As we offer several services, you can pick and choose which services you would like to outsource to us. Our team of accountants are trained to use all the latest software and they are able to offer you professional bookkeeping services at very competitive prices.

Financial Reporting Services
Financial reporting is a very important aspect of a company’s growth, without it you cannot analyze where your company is failing. At InSO we are dedicated to providing our customers with effective and detailed financial analyzing services so that they can make educated decisions with regards their company’s financial future.
Our team of highly proficient financial analysts provide our customers with many financial statements such as, income, balance, cash flow, and analysis reports as well as many others.

Accounts Payable Services
Outsource your accounts payable services to InSO and experience a transformation in your payment activity. By outsourcing accounts payable services to InSO, you can benefit from the automation of the processes involving transaction management, exception resolution and elimination of duplication amongst others. Our cutting-edge technology, latest software and well-trained team can provide you with accurate and efficient accounts payable services.

Read more...http://www.inso.us/

Bookkeeping Nyc - for Competent and Efficient Services

The reason that most of the people fret from stepping into the corporate world is finance as well as accounting. They are of the view that they will not be able to handle it and they might as well prove to be immense nuisance for them. For all your business an accounting queries the only solution is bookkeeping NYC, which will make the entire process of maintaining accounts lot easier. The entire headache of dealing with the account as well as finances of any business institution is the task of bookkeeping firms in New York. The records are managed in a manner that their utilization in the future is possible.

The foremost reason of thriving of bookkeeping NYC firms is that take over themselves the charge of directing the accounts in an accurate manner. With the services of bookkeeping NYC firm you can easily relieve yourself from the extra burden associated with the execution of the finances and lay your energies in the core activities of the business.

The bookkeeping NYC institutions take a good care of the economic aspects of the business. Outsourcing all financial and accounts related work to the bookkeeping NYC you can direct your attention to various other key operations of the company which primarily comprises in promotion of sales, marketing, sales, forming new strategies for the overall development, that you were not able to pay much heed due to lack of time.

Read more...

The Top 5 In-Demand Majors

1. Accounting ($47,429)For those who delight in number crunching, a bachelor's degree in accounting can lead to occupations in financial and investment planning, budget analysis, tax preparation, bookkeeping, payroll services, and auditing. Opportunities are often best for CPAs, MBAs, or professionals proficient with accounting software.Accountants ensure that a firm is run efficiently and records are kept accurately. Expect long hours -- especially around tax season.Job outlook: Thanks to retirees and a faster-than-average job growth due to new business and changing financial laws and regulations, accountants can enjoy favorable job opportunities.

2. Finance ($48,616)Financial analysts and personal financial advisors gather and analyze financials and provide investment guidance to businesses and individuals. They must feel comfortable with money markets, tax laws, and the workings of the economy, and have good communication skills to explain complex strategies and concepts.A bachelor's degree will get your foot in the door, but additional certifications or an MBA is a plus. Many finance professionals opt to open their own business; almost a third of personal financial advisors are self-employed.Job outlook: Personal financial advisors are projected to be among the 10 fastest-growing occupations. Though job growth is strong across the board, competition is still keen for finance positions.

3. Business Administration/Management ($44,195)Business administration professionals may work as contract administrators, facility managers, or administrative services managers in the private industry and government, where they keep offices running efficiently, conducting records management to administration to telecommunications to support services.Leadership and communication skills are as valuable as flexibility, and being detail-oriented, and decisive. Experience can get business administration professionals promoted in smaller organizations, while formal education credentials -- including advanced degrees -- are beneficial to advancement in larger organizations.Job outlook: Jobs are projected to grow as quickly as average among all occupations. Competition for top-level business administration management jobs will be high while more opportunities will exist for lower-level management jobs and facility managers.

4. Civil Engineering ($50,940)Civil engineering is considered one of the oldest engineering disciplines, attracting those who are analytical by nature. Civil engineers design and supervise the construction of highways and byways -- from roads and bridges to tunnels and dams -- and work in fields such as water resources and structural concerns.These professionals must simultaneously be inquisitive, detail-oriented, and interested in the big picture. In their designs, civil engineers must consider potential environmental hazards, construction costs, and government regulations that can affect their creations. Bachelor's degrees are required for most entry-level jobs and continuing education is critical as new technologies emerge.Job outlook: Employment growth for civil engineers is expected to move at a pace that is faster than the average for all occupations.

Read more..

Accounting & Bookkeeping Services Keep Track of All Transactions

Accounting and bookkeeping services are important aspects of any business whether big or small. These are essential for organizing all transactions pertaining to cash flow, assets, and liabilities, among many others. Accounting and bookkeeping services are also very important when filing taxes especially if you cannot do this on your own. Software and online services are available for more convenience and privacy for individuals.

Accounting and bookkeeping services are provided by professionals who have a degree in accounting and related fields. Accountants, bookkeepers and auditors help ensure that an individual or a company’s records are kept accurately and taxes are paid properly and on time. Accounting and bookkeeping services analyze and communicate financial information from individuals, companies, and the government. These services also provide budget analysis, financial and investment planning, consultation on information technology as well as legal services pertaining to accounting matters. Accounting and bookkeeping services can also provide specific jobs related to any of the four major fields accountancy which include public accounting, management, government accounting, and internal auditing.

Accounting or accountancy refer to the measurements and statements about financial information used by company owners, businessmen, managers, lenders, investors and tax authorities among many others. Information gathered can help make resource allocation decisions between and within companies, organizations, public agencies, and even between individuals. There are different forms and “books” called journals and ledgers used for accounting and bookkeeping, but nowadays, there are several accounting software available for easier and more organized financial reports which include the forms required when filing taxes.
Bookkeeping, on the other hand, is quite similar to accounting because it also involves the recording of all financial transactions or cash flow. This is used by many individuals and companies to keep record of what goes in and what goes out of their accounts. Bookkeeping also uses different forms and books as well as software especially designed for this purpose. There are two systems used for bookkeeping and these are single-entry bookkeeping and double-entry bookkeeping.

Accountants are required to take a degree in accountancy or any related field and in order to get better jobs must obtain certification or licensure. This is especially true for public accountants who are required to be certified before taking on jobs with public accounting firms. Some CPAs or certified public accountants also specialize in forensic accounting which involves investigating and interpreting frauds, embezzlements, bankruptcies, contract disputes, and other criminal financial transactions. While bookkeepers (sometimes called accounting clerks) are required to take at least a two-year post high school course on bookkeeping or get an associate degree in accountancy. They are usually responsible for recording the daily purchases, sales, receipts and payments. They have to make sure that all of these are recorded on the correct ledgers.

Ashley Conner is a writer for Zipcodez.com, a widely-used local business listings search portal. Zipcodez.com also features an efficient job, movie, and restaurant search covering over 100 major cities nationwide. Ashley has covered useful topics and resources from “Arts & Entertainment” to “Wireless & Telecommunications” for Zipcodez.com. You can easily find out what convenient and useful resources are in your neighborhood by visiting http://www.zipcodez.com.

Small Business Financial & Accounting (f&a) Offshore Outsourcing Cost

Fortune 500 companies have been off shoring the financial and accounting business processes (BPO) to countries like India, Philippians, China, etc. These companies have big budgets and a big team of consultants who analyzes the total cost and ROI of sending their financial and accounting work to the service providers in offshore locations. Though smaller companies have started off shoring their financial and accounting work to offshore locations but like big corporations small businesses do not have huge budget to hire consultants to identify the total cost of off shoring their financial and accounting work to offshore locations. But small businesses can still perform their due diligence in calculating total cost of their offshore engagement and gain critical knowledge in finding ROI of sending their financial and accounting work to offshore locations. In this report we will go through all of the hidden costs of offshoring financial and accounting business processes.

1. Different Costs of Offshoring Financial & Accounting Work

Small businesses mainly consider offshoring their work, they will consider only the hourly rate they need to pay to the offshore vendor for various accounting works like bookkeeping, accounts payable, accounts receivable, etc. There are several other additional hidden costs small business have to face in their offshore outsourcing engagement. Typically a small business goes through following offshore accounting work cycle in their offshore engagement:

• Selecting an offshore accounting vendor

• Sending the work to the offshore vendor

• Answering questions for the offshore vendor

• Receiving the finished work from the offshore vendor

• Verifying the finished work from the offshore vendor

• Monitoring the quality of the finished work from the offshore vendor

2. Cost of Selecting offshore accounting vendor

The cost associated with selecting an offshore accounting vendor will be small compared to other costs. Most of the time small businesses can find a qualified offshore accounting vendor simply by searching in Google or by contacting other small businesses those who are already using an offshore vendor, for detailed discussion on this topic read Offshore Accounting Success. This cost is the one time cost and it will be similar to selecting an onshore vendor.

3. Cost of sending the work to an offshore vendor

Small businesses must consider various types of cost like Scanner, High speed Internet, Backup Server, etc, to send their financial and account documents to an offshore vendor, but the good news is that it will be a one time investment and most of the small businesses will have these in place already. There are three different offshore accounting models you can use to send your accounting and financial work to the offshore vendors and for these you will incur following one time cost.

3.1. Scanner & Scanning software

Most of the accounting and financial data will be in your accounting software like QuickBooks, Peachtree etc, but there will be other documents like Bills, Checks, Invoices, Goods received notes, etc will be on paper and these should be digitized using a scanner and a scanning software to convert it into PDF documents which will be stored in your computer. Once the documents are in your computer then you can give access to the offshore vendor to view the PDF documents or they can retrieve it from your computer to perform their work in the offshore location.

Most of small businesses already have a scanner, if not a scanner (scanning software comes with the scanner) can be purchased for less than $1000.00. The cost of the scanner will go up based on the volume of accounting and financial documents to be scanned in a given day. It will be a one time cost for the small business and also by scanning all their paper based accounting documents; you can improve the efficiency of overall accounting process.

3.2. High speed Internet Connection Cost

You need to have high-speed Internet connection to send and receive the work to and from offshore location. Again all most all small businesses already have DSL/T1 Internet connection if not they can get a DSL Internet connection for $60-100/month.

3.3. Secure FTP software

If small businesses are using Application Service Provider (ASP) like Quickbooks online, cpaasp.com, etc, then it is possible for offshore vendors to directly access your accounting data directly from the ASP vendor. In this case there is no need to use secure FTP software.

3.4. Backup Server

Once small businesses start digitizing their accounting documents for their offshore vendors, they need to start planning for the backup server to backup all their accounting documents. Most of the small businesses will have this feature already, if not it is a good investment to have a backup server to backup all their accounting and financial data from their main computer to the backup server. For any business “Business continuity” is a vital task and the backup server will help the small businesses to recover all the accounting data in case of main computer failure.

3.5. Additional Accounting software License cost

Small businesses use various accounting software packages like QuickBooks, MYOB, Microsoft Office Accounting etc, for doing all their accounting and financial work. When they offshore the work the offshore vendor will use the same accounting software to do the work. It is very difficult for the small businesses to find an offshore vendor who already owns the licenses for all the accounting software. As described in the offshore accounting models if small businesses decides to use Remote Server or ASP then there is no additional cost for small businesses. On the other hand if the small businesses decided to use Secure File Transfer then small businesses needs to buy additional accounting software license for the offshore vendor to use. Small businesses will incur this cost even if they outsource the work to onshore vendors. This cost is truly soley based on the accounting software package used by the small businesses. Accounting software packages comes with various flavors types of software licenses like concurrent users, fixed number of users, CPU based, Network based etc., Some times small businesses can completely avoid this cost altogether.

4. Managing Financial & Accounting offshore vendor

Once you send your accounting and financial work to the offshore vendor, you need to constantly mange and monitor the quality of finished work that comes back from the vendor. Initially you may need a full-time person educating the offshore accountants and bookkeepers about your accounting process and preparing proper instructions for them to follow in their work. Once you and the offshore team are comfortable in the working relationship then all you need is to verify the work periodically. Basically you need to consider the offshore team as your virtual team and educate them in your accounting processes and procedures, once you are comfortable with their work your own employee(s) will spend less time with the offshore vendors.

5. Offshore vendor wage

For the accounting and financial work performed by the offshore vendor, small businesses will pay either an hourly rate or a monthly rate to the offshore vendor. This will be the actual direct cost small businesses will pay to the offshore vendor and all other costs are indirect cost of sending the work to offshore vendor. Typically the wage cost will be 50-70% less than the cost paid to the onshore accounting and financial vendor. For small businesses this cost savings is one of the major reasons to use the offshore vendor for their financial and accounting work.

Small businesses need to consider several costs in their financial and accounting offshore engagement. As shown in the table Small business F&A offshore outsourcing - Fixed Cost Vs Monthly Cost some of the costs are fixed and some of them are monthly expanses incurred by the small businesses. Among the monthly cost only the offshore vendor wage is the direct cost paid to the offshore vendor. While performing ROI analysis small businesses must consider all these costs to find the Total Cost of doing business with offshore vendors. As shown in the table, for certain items finding out the exact cost may not be possible and it is highly based on the individual small businesses and the type of accounting and financial work that has been sent to offshore locations. The total cost may not be a fixed amount and it can change from month to month. For example in some months there will be more questions from the offshore vendor in clarifications and in other months there will be less questions, this cost will vary from month to month.

Bookkeeping Accounting Outsourcing Services from India

Online accounting services offer professionals who specialize in offering accurate and efficient business accounting advice to companies. The other benefit to hire such accounting professionals is that they are not overburdened with the load of work in comparison to large organizations that are not able to provide the most helpful services due to the lack of time.

Bookkeeping Services India has utilizes a 100% U.S. Based staff providing outsourced online bookkeeping help and accounting services to small, mid-size and speedily developing organization. The Hitech Bookkeeping Company is famous to achieve targeted goal of customer and apply all efforts for best output.

For more details CONTACT US at: Bookkeeping Accounting Outsourcing